Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

FORECLOSURE CRISIS | 32819 | 32836 | Dr Phillips

NEXT
PREV

FORECLOSURE CRISIS

Experts state there will be no huge foreclosure crisis like 2008. This is good news! The nation is not in the same scenario, back then the housing market was flooded with foreclosed and short sale homes. Thousands of bad loans were approved that people could not afford and loss in equity. This is not the case now. Interest rates are high, buyer demand is high with a shortage of homes. Lending standards for homes are much higher along with almost double equity in 2019-2022. The chart shows the trend. Inflation is starting to show a slow trend that it is working slowly but surely.

ALTERNATIVES 

The same alternatives are in place as in 2008. There are reinstatement, loan modifications, deed in lieu of foreclosure and short sale. This was a tremendous backlog in 2008 while a short sale was all new and manning was not in place that led to thousands of foreclosures. Nowadays there is enough equity in your home to sell your home right after the pandemic in 2022 and maybe 2023.

Many homeowners have been leveraging their equity to stay in their homes due to inflation. Home equity has been serving as a source of strength for many homeowners. In today's housing market this can be accomplished due to using equity to bail owner out, but has to be accomplished at the right time as for prices are decreasing as per four spikes in the interest rates, June, July, September and November 2022. Look for one more in December 2022. 2023 will be re-evaluated based on observations. Click link to learn more about market correcting /HOUSING-MARKET-CORRECTING---32819---32836---Dr-Phillips-6-22828.html

TRUSTED ADVISOR

As a trusted advisor, professional realtor and military veteran I am here to serve you and always on the pulse of the housing market for the Dr Phillips area and all Central Florida. Contact Kevin Strawter at 850 496-6412 and stay tuned and educated in this volatile housing market to purchase or for the sale of your home.

Don't let this shifting market delay your dreams. Data shows homes typically appreciate over time, and that gives your net worth a nice boost. If you are ready to start your journey to homeownership, reach out and stay connected to me today. Click here to learn more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?


FORECLOSURE CRISIS | 32819 | 32836 | Dr Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 11/30/22 11:33 PM) |
Featured Listings
Orlando Real Estate
$150,000
1 BED
1 BATH
If you're looking for the perfect top floor condo in Dr. Phillips, look no further! The open floor plan features a spac... Read More
Orlando Real Estate
$449,400
3 BED
2 BATH
First-floor condo with a great location. This lovely unit can be your primary residence or investment property for eithe... Read More
Orlando Real Estate
$725,000
4 BED
3 BATH
Get ready to call this stunning property in Dr Phillips your new forever home! As you approach the home, you’ll immedia... Read More
Orlando Real Estate
$210,000
1 BED
1.5 BATH
Location, location, location! INVESTORS ALERT!!! SHORT TERM RENTAL ALLOWED!!! STUNNING RENOVATED 1 Bed/1.5 Baths CONDO... Read More
Orlando Real Estate
$142,000
1 BED
1 BATH
FULLY RENOVATED Turn Key Condo, with a beautiful pool view, is ready to sell! Great one bedroom one bathroom condo-hot... Read More
Orlando Real Estate
$785,000
4 BED
3 BATH
Welcome home to this stunning pond front 4 bedroom 3 bathroom POOL home with 2, 461 sq ft of living space. Stepping insi... Read More
Orlando Real Estate
$1,150,000
6 BED
5 BATH
Magnificent custom-built home in sought after Brentwood Club on one of the best estate homesites, backing up to a prote... Read More
Orlando Real Estate
$125,000
1 BED
1 BATH
Third-floor potential income-producing condominium/hotel unit. One block east of International Drive at StaySky Suites I... Read More
Orlando Real Estate
$199,900
2 BED
2 BATH
Corner unit, just minutes from Universal Studios, shopping, restaurants. Lots of updates , new double pane windows, ... Read More
Orlando Real Estate
$1,125,000
5 BED
4.5 BATH
A MUST SEE and an OUTDOOR PARADISE!!! Beautiful 5 bedroom 4 1/2 bathroom POOL home in a cul-de-sac in the sought after c... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2022 drphillips.info - all rights reserved. | Site Map | FORECLOSURE CRISIS | 32819 | 32836 | Dr Phillips